What is First Capital Bancorp Retained Earnings?
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Capital Bancorp's retained earnings for the quarter that ended in Sep. 2015 was $4.27 Mil.
First Capital Bancorp's quarterly retained earnings
increased
from Mar. 2015 ($2.08 Mil) to Jun. 2015 ($3.12 Mil) and
increased
from Jun. 2015 ($3.12 Mil) to Sep. 2015 ($4.27 Mil).
First Capital Bancorp's annual retained earnings
increased
from Dec. 2012 ($-8.12 Mil) to Dec. 2013 ($-4.59 Mil) and
increased
from Dec. 2013 ($-4.59 Mil) to Dec. 2014 ($1.02 Mil).
First Capital Bancorp Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
First Capital Bancorp (NAS:FCVA) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
First Capital Bancorp (First Capital Bancorp) Business Description
Traded in Other Exchanges
N/A
Address
First Capital Bancorp Inc was incorporated under Virginia law in 2006. The Company is a bank holding company and conducts its operations through its wholly-owned subsidiary, First Capital Bank. The Bank is a community oriented financial institution that offers a range of banking and related financial services to small and medium-sized businesses, professionals and individuals located in its market area, which consists of the Richmond, Virginia metropolitan area, with a current emphasis on western Henrico County, Chesterfield County, the City of Richmond, the Town of Ashland, and the surrounding vicinity. It offers a range of deposit services including checking accounts, NOW accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. The transaction accounts and time certificates are tailored to its market area at rates competitive to those offered in the area. In addition, it offers certain retirement account services, such as Individual Retirement Accounts, or IRAs. The Bank also offers a range of short-to-medium term commercial and consumer loans. Commercial loans include both secured and unsecured loans for working capital, including inventory and receivables; business expansion, including acquisition of real estate and improvements; and purchase of equipment and machinery; Consumer loans include secured and unsecured loans for financing automobiles, home improvements, education and personal investments. It originates fixed and floating-rate mortgage and real estate construction and acquisition loans. Other services it offers include safe deposit boxes, certain cash management services, traveler's checks, direct deposit of payroll and social security checks and automatic drafts for various accounts, selected on-line banking services and a small and medium-sized businesses courier service. The Company competes with other commercial banks, savings and loan associations, credit unions, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market mutual funds and other financial institutions operating in the Richmond metropolitan area and elsewhere. As a bank holding company, the Company is subject to regulation under the Bank Holding Company Act of 1956, as amended, and the examination and reporting requirements of the Board of Governors of the Federal Reserve System.
Executives
| Kenneth R Lehman |
director, 10 percent owner |
122 N GORDON ROAD, FT LAUDERDALE FL 33301 |
| John M Presley |
director, officer: Managing Director |
770 NORTH WATER STREET, ATTENTION: CORPORATE SECRETARIES DEPT., MILWAUKEE WI 53202 |
| Gary L. Armstrong |
officer: Executive Vice President |
P.O.BOX 1869 KILMARNOCK VA 22482 |
| Katherine K Wagner |
officer: Senior Vice President |
2231 CASTLEBRIDGE ROAD, MIDLOTHIAN VA 23113 |
| Jay M Weinberg |
director |
C/O MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
First Capital Bancorp (First Capital Bancorp) Headlines
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